The Board

Nonkululeko Nyembezi

Non-executive Chairman

Nonkululeko Nyembezi is the Chairman of the BLSA board of directors. She is currently Independent Non-executive Chairman of Standard Bank Group (SBG) and Standard Bank South Africa (SBSA).

She was previously Chief Executive Officer and executive director of Ichor Coal N.V. Prior to this, she was Chief Executive Officer of ArcelorMittal South Africa, the largest steel producer on the African continent and subsidiary of the ArcelorMittal Group, the largest steel producer in the world.

Nonkuleleko has served as an independent non-executive director on numerous boards in both the public and private sectors. She was previously the independent non-executive chairman of the JSE limited and non-executive chairman of Alexander Forbes Group.

She currently serves as a non-executive director of Anglo American Plc and is the independent non-executive chairman Macsteel Service Centres South Africa (Pty) Ltd.

In addition to the above, Nonkuleleko she serves as a non-executive director of the following non-profit organisations: KwaZulu-Natal Philharmonic Orchestra, Johannesburg Philharmonic Orchestra and as a trustee of the following organisations: Quartet of Peace Trust, Partners for Possibility (PfP) and The Norval Foundation.

She has a B.Sc. Honours degree in electrical engineering from the University of Manchester Institute of Science & Technology and a Master’s degree in the same discipline from California Institute of Technology. She also has an MBA from the Open University (UK).

Mike Brown

Non-executive Deputy Chairman

Mike Brown is the Deputy Chairperson of the BLSA Board of Directors. He is currently Chief Executive of Nedbank Group Limited and Nedbank Limited, a position he has held since March 2010. He was previously the Chief Financial Officer of Nedbank Group Limited and Nedbank Limited and was an integral part of the team under Tom Boardman responsible for the design and execution of the successful turnaround of Nedbank Group.

Prior to that he headed Property Finance at Nedbank and before that he was an Executive Director of BoE Limited.

He is a Director and former Chairperson of the Banking Association South Africa, a Council Member and Finance Committee Member of St John’s College and President of The River Club. In 2020 Mike was awarded the Sunday Times Business Leader of the Year award in South Africa, an award based on the outcome of the votes of the CEOs of the top 100 companies listed on the JSE.

He has a BCom, DipAcc, CA (SA), CD (SA), AMP (Harvard, USA).

Busisiwe Mavuso

Chief Executive Officer

Busisiwe Mavuso is the Chief Executive Officer of Business Leadership South Africa, a position she holds since 1 July 2019. She previously held the position of Chief Operations Officer at the BLSA from November 2017.

Before joining BLSA, Ms Mavuso was the Managing Director of the Black Management Forum (BMF), an organisation she joined in May 2009 and served in positions of Chief Financial Officer and Operations Director.

She is a non-executive director on the boards of Business Unity South Africa (BUSA), Resultant Finance (a PIC investee company) and BMF investment (Pty) Ltd and serves on the Human Resources Development Council (HRDC), the Advisory Committee of the Local Government Ethical Leadership Initiative (LGELI), The Alcohol Industry Advisory Council (TAIAC) and the Social Justice Council. Furthermore, she is a Visiting Adjunct Professor at the Wits Business School (WBS).

She started her career in Finance in 1995 in the banking industry and has worked for various companies in industries ranging from training, consulting, telecoms and the healthcare industry (Netcare) over the past 23 years.

She is a Chartered Accountant with the Association of Certified Chartered Accountants in the United Kingdom (ACCA-UK) and holds a Master’s degree in Business Leadership from Unisa SBL; a Postgraduate Qualification in Business Management from GIBS and a B Compt from Unisa. She is known as an advocate for inclusive socio-economic growth, transformation and people’s development.

Lungisa Fuzile

Non-executive Director

Lungisa Fuzile is currently the Chief Executive of the Standard Bank of South Africa (SBSA) and he is responsible for the bank’s operations in South Africa since January 2018.

Previously, he worked in the Public Service in what was to become a 20 year career, culminating in his role as Director General at the National Treasury.

He sits on the Standard Bank of South Africa Board, the Stanbic Botswana Board and the Standard Bank Group Leadership Council. He chairs the South Africa Executive Committee and its appropriate sub committees in addition to being a director of the Standard Bank Tutuwa Community Foundation.

Lungisa is also the Chairperson of the Banking Association of South Africa a member of the Business Leadership South Africa Board as well as a Council member for the Walter Sisulu University.

He has an MCom (UKZN), AMP (Harvard).

Dr Adrian Enthoven

Non-executive Director

Dr Adrian Enthoven is Executive Chairman of Yellowwoods, an international private investment group. He is responsible for the African portfolio of insurance and hospitality investments. He serves on the boards of the group’s South African based businesses, including chairing the Hollard Insurance Group.

He is involved in initiatives addressing youth employment, education, social justice and the arts. He is Deputy Chairman of the Solidarity Fund and serves on the board of BLSA, Citizens ZA and the Harambee Youth Employment Accelerator. He is co-chair of the Millennium Labour Council and a member of the advisory boards of MISTRA, CASAC and the African Centre for Cities.

He was educated at Michaelhouse School and at Oxford University (BA Hons in Politics, Philosophy, and Economics, and PhD in Political Science).

Dr Leila Fourie

Non-executive Director

With over 25 years of international experience, primarily in financial services, Leila Fourie has served on multiple boards and held senior roles in banking, capital markets and payments.

Leila was appointed as CEO of the Johannesburg Stock Exchange effective 1 October 2019. She also currently holds the role of Co-chair for the United Nations Global Investors for Sustainable Development convened by the UN Secretary General.

Prior to this role, she served as Executive responsible for Consumer Finance at Australia’s largest bank, The Commonwealth Bank of Australia, and served as the NSW Vice President of the Economic Society of Australia and on the Board Audit Committee of Lifeline Australia. Before this, she held the role of CEO of the Australian Payments Network.

Before moving to Australia, Leila served on the Board of the Johannesburg Stock Exchange as Executive Director. She previously worked for one of South Africa’s largest banks, Standard Bank as Card Division Managing Director. During this time, she served as Chairman on the board of Diners Club and Board Member on Discover’s Chicago-based Diners Club International Advisory board. Leila started in Standard Bank’s Investment Bank as Global Director Credit analytics, capital and portfolio management for SA, UK, Hong Kong, Russia, Brazil and Argentina.

Leila has published several articles in academic journals and actively advocates for policy development in various sectors.

She has a PhD in Economic and Financial Sciences and won the Economic Society South Africa Founders’ award in 2012 for best Masters Economics thesis in the country.

Shameel Joosub

Non-executive Director

Shameel Joosub joined Vodacom / Vodafone in 1994 and currently serves as Chief Executive Officer at Vodacom Group Limited, a position he has held since 2012.

He has extensive telco experience having operated at a senior level in various companies across the group for the last 22 years, including Managing Director at Vodacom South Africa and Chief Executive Officer at Vodafone Spain.

Shameel holds board positions at Vodacom Group Ltd, Safaricom Plc, Vodafone Egypt Telecommunications S.A.E and a number of subsidiary boards across the group. He also sits on the board of Business Leadership South Africa. He was appointed to the Vodafone Group Exco in April 2020, and is responsible for all its African operations.

He has an Honours degree in Accounting Science from the University of South Africa, an MBA from the University of Southern Queensland and an Advanced Management Program Certificate from Harvard University.

Shirley Machaba

Non-executive Director

Shirley Machaba is CEO for PricewaterhouseCoopers, Southern Africa and Regional Senior Partner, Southern Africa from 1 July 2019. She has been a Partner in PwC Assurance Services practice for 18 years. She is a Chartered Accountant and qualified Chartered Director Southern Africa (CD (SA)), and has over 28 years internal, external audit, risk management, compliance and governance experience within the private and public sector across all industries.

She has published several articles on internal audit in the professional journals of the IPFA, JUTA and IIA. She is a renowned speaker and has presented at national, regional and international conferences. She served as a board member of the IIA SA and chair of its Audit, Finance and Risk Committee for six years before becoming President, a role she diligently played for two terms, ie 4 years. She served as Chief Audit Executive (CAE) for National Department of Justice from 1999 until March 2004.

She has been proactively involved in the internal audit profession at local, regional and global levels. Besides serving as a member of African Federation of Institutes of Internal Auditors (AFIIA) representing Southern Africa, then Secretary General, she has proactively served on IIA local, global and regional structures and is currently a Trustee member of the Internal Audit Foundation, an IIA global organisation.

Shirley is a thought leader and trusted advisor on matters of governance, risk and controls. She has had an opportunity to write publications and co-present with Prof Mervyn King on governance, risk and internal audit matters locally and regionally.

She is passionate about education and people progression in general, in particular youth and women. and has presented on diversity and Inclusion matters locally, regionally and globally, including at Africa WEF in Cape Town and UN Women side events in New York. She is currently an ambassador of Standard Bank Top Women and also serves as judge for Standard Bank Top Women Empowerment awards as well as BlackBark Rising Stars awards.

She has received multiple awards and recognition over more than two decades. For example, in 2016 she was honoured by African Woman Chartered Accountants as “Audit Partner of the year” and in the same year was named ‘Manager of the Year by the Black Management Forum. In 2018 she was named “Big 4 Professional of the Year” as well as being named the overall “Woman Professional of the Year” at the South African Professional Services Awards that year, who named her “Accounting Industry Leader of the Year” and “Overall Professional of the Year” in 2020. In 2022 she was named ‘Africa Business Woman of The Year’ at the African Business Leadership Awards (AABLA) and also received the 2022 ABASA Women Lifetime Achievement Award.

She is a member of numerous bodies, including Association for the Advancement of Black Accountants of Southern Africa (ABASA), African Women Chartered Accountants (AWCA), Black Management Forum (BMF), Independent Regulatory Board for Auditors (IRBA), Business Women’s Association (BWA), Institute of Risk Management South Africa (IRMSA), International Women Forum South Africa (IWFSA), Institute of Directors South Africa (IoDSA), Regional World Economic Forum (WEF), among others. She is a Board and Audit Committee member of American Chamber of Commerce (AMCHAM).

Nolitha Fakude

Non-executive Director

Nolitha Fakude is the Chairman of Anglo American’s Management Board in South Africa as well as the Group Director responsible for South Africa on Anglo American plc’s Group Management Committee (GMC). Nolitha sits on the Anglo American Platinum Board as a Non-Executive Director and previously served on the Board of Anglo American plc from 2017 to 2019. Nolitha brings to Anglo American significant management experience gained in various functional leadership roles across the oil and energy, chemicals, financial services and retail industries.

Nolitha has worked in and held senior executive positions in various industries and sectors including Retail, Financial Services, Mining and Oil and Gas. Until 2016, Nolitha served as an Executive Director at Sasol Limited and Executive Vice President (EVP) of Strategy and Sustainability.

Nolitha was the President of the Black Management Forum (BMF) from 2003 to 2006 and its Managing Director between 2000 and 2003. She now serves as a member of the Council of Elders, and is a respected authority on transformation and empowerment in South Africa.

Currently Nolitha serves as the President of the Minerals Council of South Africa (MINCOSA), Non-Executive Director of the JSE Limited and Vice President of the International Woman’s Forum South Africa (IWFSA). She is a Patron of Guild Cottage home for girls.

Her previous board roles include serving as Deputy Chair and Lead Independent Director of Datacentrix Holdings Limited, Chairperson of Sasol Mining and as a Non-Executive Director of Harmony Gold Mines, Woolworths Holdings and Discovery Holdings, amongst others.

Her accolades include: The 2004 Most Influential Businesswoman by Financial Mail, Impala Platinum Young Entrepreneur Award and the National Honor by the Golden Key Society of the University of Johannesburg.

Nolitha has led from the front and has not been shy to tackle the tough issues that the mining sector and Minerals Council have to deal with. She is playing a pathfinding leadership role in encouraging structural reform in government to unlock the real inclusive growth potential of the mining sector.

Nolitha is an author of a book titled, “Boardroom Dancing – Transformation stories from a Corporate Activist”, published in 2019.

She has a Bachelor of Arts (Hons) degree in Psychology from the University of Fort Hare and completed the Senior Executive Programme at Harvard Business School in the United States.

Bonga Mokoena

Non-executive Director

Bonga Mokoena joined BDO as CEO in May 2022 taking over from Mark Stewart at the end of his term. Prior to joining BDO, he held various senior executive and leadership roles at AlexForbes for almost 13 years, which includes Head of Institutional Cluster Businesses, Managing Director/Executive of Actuarial Consulting Solutions & AF Group Public Sector Divisions, CEO of Alex Forbes Emerging Markets (Pty) Ltd and recently, AF Group Executive of Market Development Division.

As a qualified CA(SA), Mokoena spent much of his career as an internal auditor at Nedcor Bank Limited, Metrorail and Transnet before moving on to Old Mutual as an Industry leader in 2005 within Old Mutual Corporate Division. He then joined and worked at Eskom Pension and Provident Fund (EPPF) as its Chief Executive and Principal Officer for almost 2 years during 2008 and the better part of 2009. He has extensive experience in both the public and private sector. His sector experience also includes transport, financial services and investments.

He is a member of the South African Institute of Chartered Accountants (SAICA), Advancement of Black Accountants of Southern Africa (ABASA), Institute of Directors of South Africa (IODSA) and the Black Management Forum (BMF).

He has a B. Comm (Wits); Hons B. Compt/CTA (Unisa); Masters in Business Leadership (Unisa SBL); CA (SA); LLB (Unisa); RA (IRBA).

Neal Froneman

Non-executive Director

Neal Froneman was appointed executive director and CEO of Sibanye-Stillwater on 1 January 2013. Over the past ten years he has led the transformation of Sibanye-Stillwater from a 1.5Moz South Africa-based gold miner into a leading diversified metals producer with an international operating footprint. The company now ranks as the world’s top primary producer of PGM metals with a leading position in the PGM recycling industry. Under Neal’s leadership, Sibanye-Stillwater has now started building an international portfolio of battery metal operations along with growing involvement in the circular economy and tailings reprocessing businesses.

Neal’s career spans nearly 40 years during which time he worked at Gold Fields Limited (Gold Fields), Harmony Gold Mining Company Limited (Harmony) and JCI Limited. In April 2003, Neal was appointed CEO of Aflease Gold Limited (Aflease Gold), which, through a series of reverse take-overs, became Gold One International Limited (Gold One) in May 2009. He was primarily responsible for the creation of Uranium One Incorporated (Uranium One) from the Aflease Gold uranium assets. During this period, he was CEO of Aflease Gold and Uranium One until his resignation from Uranium One in February 2008.

He held the CEO position at Gold One until his appointment at Sibanye-Stillwater. Since 2021, he has been appointed as a member of the Wits Foundation Board of Governors. He also serves on the Councils of international mining bodies including the ICMM and the World Gold Council.

He is a Professional Engineer with a BSc Mech Eng (Ind Opt) from University of the Witwatersrand and a BCompt, University of South Africa.

Prof Michael Katz

Non-executive Director

Professor Michael Katz is the Chairman of ENSafrica and is still significantly involved in practicing law and other activities, often presenting papers on legal and fiscal topics.

Professor Katz has been mentioned in numerous Legal Periodicals as the leading South African Lawyer and a highly recommended South Africa Lawyer in Tax, Mergers and Acquisitions and Competition Law.

In 1994 he was appointed by the New Democratic Government to chair the Commission of Inquiry into the Tax System. This was the so-called “Katz Commission” that published nine Reports recommending a significant overhaul of the South African tax system in the light of the new democracy in South Africa and South Africa’s position in the world economy.

Over many years he was the Chairman of the Tax Advisory Committee to the Minister of Finance. He was a member of the Securities Regulation Panel in terms of the 1973 Companies Act and a member of a number of Subcommittees of the Law Society of South Africa.

Prof. Katz was a member of the King Committee on Corporate Governance. He chaired The Committee For the Restructuring of the Johannesburg Securities Exchange and was Chairman of the Specialist Committee on Company Law (established in terms of section 191 of the Companies Act, 2008). He served on the Panel of Nugent Commission of Inquiry into Governance at SARS.

A respected academic, Prof Katz is Course director Advanced Company Law – Wits University and Visiting Professor in Company Law – Wits University. He is a Member of the Board of Governors of the Hebrew University of Jerusalem; a Member of The Council of the University of the Witwatersrand and a Member of the Board of Wits Business School.

He is co-author of Butterworths Company Law Precedents (4 Volumes).

Prof. Katz has served and continues to serve on several boards. He was previously Chairman of the Board of the National Housing Finance Corporation Limited – which was established by Government to enable affordable finance for low cost housing. He is a director of Business Leadership South Africa; American Chamber of Commerce in SA (NPC); Solidarity Response Fund (NPC) and GBVF Response Fund.

He is a trustee of a number of trusts including the Legal Resources Trust; Constitutional Court Trust; Donald Gordon Foundation; Constitution Hill Trust and is Chairman South African Holocaust and Genocide Foundation.

He is a recipient of several awards, including the 2016 Lifetime Achievement Award from Dealmakers for contribution to M&A Industry. In 2022 alone he received the Lifetime Achiever Award from Chambers, the Lifetime Achiever Award at the African Legal Awards and was included in the Hall of Fame in the Legal 500 Rankings.

He was a member of the board of directors of the company that hosted the 2003 World Cricket Cup in South Africa as well as the company that hosted the FIFA World Soccer Cup in South Africa in 2010.

He has a B.Com LLB (Witwatersrand University) , a Master of Laws Degree (Harvard Law School) and a Doctor of Laws Degree (h.c) (Witwatersrand University).

Vivien McMenamin

Non-executive Director

Vivien McMenamin is the Chief Executive Officer of Mondi South Africa since September 2017. She joined the Business Leadership South Africa (BLSA) board of directors in May 2023.

Viv has over 20 years’ experience in the pulp and paper industry as part of Mondi. Her roles have included Mondi Group Head of Sustainable Development and Director Land and Forestry, giving her significant sustainability experience and insight. In October 2017, she was appointed CEO of Mondi South Africa.

Viv was instrumental in the establishment of Mondi Zimele, Mondi’s small business development organisation and crafting Mondi’s innovative approach to land reform.

Prior to Mondi, Viv worked in government and the anti-apartheid movement in South Africa, serving Nelson Mandela as a member of the President’s Task Force on Local Economic Development and as a member of President Thabo Mbeki’s Economic Advisory Panel.

Viv previously served on the boards of SiyaQhubeka Forests, South African Association for Marine Biological Research (SAAMBR), Durban Girls College and Transnet.

She is a non-executive director of KAP Industrial Holdings Limited.

She has an MSc in Economics from the University of London and an Advanced High Performance Leadership Certificate from IMD Switzerland.